$4,963

Avg. Federal Grant

$7,875

Avg. Federal Loan

$25,909,813

Total Aid Awarded

Muskingum University Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

82%

Total Aid Amount Average Total Aid Awarded per year.

$25.910M

Financial Aid Official Website

https://www.muskingum.edu/financial-aid

Such schemes include Academic Scholarship, Alumni Grant, Appalachian Regional Grant, and Dr. Allen Smith Memorial Scholarship. Notably, 96% of the students at Muskingum University get some kind of financial aid every year, and the total amount of assistance/loans provided adds up to around $8,969,909. Notably, a total of 58% of the applicants to Muskingum University receive the Federal Grant every year. On the other hand, 96% of the candidates get the Student Grant, 95% receive the Institution Grant, and 43% get the Pell Grant. While the Federal Grant awardees receive an average aid of $3,709, the State Grant receivers and Institution Grant beneficiaries get $2,964 and $18,268, respectively. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $4,541. The annual family income of a candidate is one of the key factors in determining their total eligibility for financial aid. Apart from financial grants and scholarships, candidates can also avail of monetary benefits like student loans to fund their education. But, they should understand that student loans are borrowed at a certain rate of interest, unlike grants and scholarships. While grants and scholarship schemes do not require repayment, student loans should be repaid by the applicants within a given period. At MU, an estimated number of 96% of the applicants choose to go for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

53%

State Grant Aid

38%

Institution Grant Aid

98%

Pell Grant

50%

Average Aid Awarded

Federal Grant Aid

$4,963

State Grant Aid

$3,162

Institution Grant Aid

$17,670

Pell Grant

$4,617

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$25,786

$30,001 - $48,000

$24,865

$48,001 - $75,000

$22,819

$75,001 - $110,000

$20,745

Over $110,000

$17,809

Student Loans for Muskingum University

Average Loan Amount Average Loan Amount received per year.

$8,656/Year

Students Taking Out Loans

92%

Loan Default Rate

9.9%